National Company Law Tribunal (NCLT) is finding it difficult to get qualified judges to meet the growing demand of bad loan resolution cases filed by bankers and corporates.
The NCLT is adding new Benches and interviewing more judges to keep pace with the cases being admitted. But yes, it is becoming more challenging to get qualified judges. Though, we will be adding four judicial and eight technical members soon, a senior member of the NCLT said.
With the avalanche of insolvency cases and shortage of staff, it has become challenging for the corporate tribunal to deal with the resolution process.
In the existing two courts at the Mumbai NCLT, over 100 cases are listed to be heard every day. This has risen by almost five tim…
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